A Step-by-Step Guide on How to Claim Tax Refund as a Doctor in the UK

Collected and written by: Mohamed Hassan 

Disclaimer

You have to check the up-to-date information about the topic also, review the local legal regulations 

As a doctor working in the UK, you may be eligible to claim tax refunds on certain work-related expenses. Here's a step-by-step guide on how to claim tax refunds as a doctor in the UK:

1. Determine Eligible Expenses: Familiarize yourself with the types of expenses that may be eligible for tax relief. Common eligible expenses for doctors include professional fees, subscriptions to medical organizations, work-related travel expenses, and the cost of purchasing and maintaining professional equipment.

2. Keep Accurate Records: Maintain detailed records of your expenses throughout the tax year. This includes keeping receipts, invoices, and any other relevant documentation. Accurate record-keeping is essential when making a tax refund claim.

3. Determine Your Employment Status: Determine whether you are employed directly by the NHS or working as a locum or contractor. The tax relief process may vary depending on your employment status.

4. Use HMRC's Online Services: HM Revenue and Customs (HMRC) provides online services that allow you to manage your tax affairs. Register for an online account and use the Self-Assessment service to submit your tax return and claim tax relief on eligible expenses.

5. Complete a Self-Assessment Tax Return: If you are self-employed or have additional income outside of your employment, you will need to complete a Self-Assessment tax return. This allows you to declare your income and claim tax relief on eligible expenses. Ensure you accurately report your expenses in the appropriate sections of the tax return.

6. Use Form P87: If you are an employee and your expenses are less than £2,500, you can use form P87 to claim tax relief on eligible expenses. You can submit the form online or by post.

7. Contact HMRC: If you are unsure about your eligibility or have any questions about the tax refund process, contact HMRC directly. They can provide guidance and support to help you claim tax relief correctly.

Remember, it's important to keep up-to-date with any changes in tax legislation and consult with a qualified professional to ensure you are claiming tax relief correctly and within the guidelines set by HMRC. By following these steps and seeking appropriate advice, you can navigate the process of claiming tax refunds on expenses as a doctor in the UK and potentially reduce your tax liability.

Citations:

[1] https://www.riftrefunds.co.uk/tax-rebates/healthcare/tax-advice-for-junior-doctors/

[2] https://www.jcssutton.co.uk/news/blog/how-to-claim-expenses-for-doctors-and-dentists/

[3] https://www.taxrebateservices.co.uk/tax-guides/healthcare-worker-tax-rebate-guide/

[4] https://www.medicsmoney.co.uk/what-can-doctors-claim-tax-back-on/

[5] https://taxqube.co.uk/nhs-doctors-expenses-medical-accountants/

[6] https://mindthebleep.com/claiming-tax-relief/